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PASAY CITY, Philippines , Dec. 26, 2024 /PRNewswire/ -- The SM Group is approaching the coming year with cautious optimism, encouraged by the continued growth of the Philippine economy. SM Investments President and Chief Executive Officer Frederic C. DyBuncio said that despite ongoing challenges of peso volatility and higher inflation, the business sector has adapted well. Consistent demand sustained household spending in the third quarter, with Household Final Consumption Expenditure posting a year-on-year growth of 5.1%, maintaining the same level in the same quarter last year, data from the Philippine Statistics Authority showed. "Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands," Mr. DyBuncio said. To cater to growing demand, SM continues to expand into more underserved areas, contributing to sustainable economic development and collaborating with government stakeholders to enhance access to modern retail, financial services, and integrated property developments. "By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities," he said. Mr. DyBuncio also said SM continues to invest in promising ventures such as renewable energy and logistics, that foster economic activity. SM has invested in the clean energy industry through Philippine Geothermal Production Company (PGPC) which produces 300 Megawatts of geothermal steam supply. SM aims to continue to develop geothermal concessions through PGPC in support of the Department of Energy's goal of reaching 50% renewable energy supply by 2040. To encourage circularity towards green energy production, SM's property arm, SM Prime Holdings partnered with GUUN Co. Ltd. ( GUUN ) to implement the Japanese technique of reducing landfill impact. The technology converts non-recyclable and hard-to-recycle packaging into alternative fuel. SM's banking arm, BDO Unibank is one of the largest funders of renewable energy projects. BDO has funded PHP898 billion in sustainable finance, including loans to 59 renewable energy projects as of December 2023. In logistics and tourism, the improvement of transport networks across the country's archipelago connects tourist and industrial areas that will help create inclusive growth. SM though its subsidiary 2GO launched MV Masigla and MV Masikap in 2024 to help better connect goods to 19 ports across the country including Iloilo, Bacolod, Cagayan de Oro and Manila , further supporting the government's push for medium term growth through an upgraded tourism infrastructure and ecosystem. "Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future," Mr. DyBuncio said. View original content to download multimedia: https://www.prnewswire.com/news-releases/sm-approaches-2025-with-cautious-optimism-302339448.html SOURCE SM Investments Corporation
Surging Flyers take aim at Panthers, who may be without top goalie
CLEVELAND (AP) — Myles Garrett was in no mood to celebrate his birthday or making history. Garrett recorded two sacks to become the first NFL player with 14 sacks in four straight seasons, but the Cleveland Browns couldn't do anything on offense during a 20-3 loss to the Miami Dolphins on Sunday. Garrett turned 29 and turned in another stellar performance in this dreadful season for the Browns (3-13), who had hoped to take another step after making the playoffs a year ago. But nothing has gone right in Cleveland, and now the team is facing another offseason of change. Garrett has 14 sacks this season and 102 1/2 in his eight-year career. He's making the case for a second consecutive NFL defensive player of the year honor. But there isn't any award that will ease the pain of his fourth double-digit loss season. “At the end of the day, we play for wins,” Garrett said. “The individual stuff is great. It's nice, you want to be remembered for all of the above. But cities remember you for wins and bringing championships back home. “That's always been my intention. So, I want to get back on track, want to get back to winning, whether it's the last one or whatever's in store next season.” Garrett recently made it clear that he does not want to be part of another rebuild in Cleveland, saying he wanted to see the team's plans to improve the roster. His comments opened the possibility that he could ask for a trade if he isn't satisfied with the Browns' outlook. After the Browns dropped their fifth in a row to finish 2-6 at home, Garrett said he never considered that it might be his last game in Cleveland. “I don't think about that kind of stuff,” he said. “My mission is to go out there and try to help this team win as a leader, as a brother, as a teammate. That's what I solely focus on. I'm not looking into the future. Next thing on my mind is recovery, looking at film, how can we improve going to the Ravens and try to play spoiler for them.” Garrett hasn't given up. For the second week in a row, he displayed extraordinary effort while chasing a scrambling quarterback without getting a sack. He won't quit. “He's the best pass rusher in the game,” Browns guard Joel Bitonio said. “You could ask all the players, all the coaches. He's probably the guy they fear going up against the most. He's dynamic. He's a special player. He's doing his thing. I hope we can get some stuff around him so he can win some games around here.” Garrett twice went into the medical tent during the game. He slowly walked to his locker to get dressed before turning on some music that brought a little life into an otherwise somber Cleveland locker room. Garrett laughed when asked if he's pushing himself to the end. “I'm just old,” he said. “I'm 29. I'm not going to be dragging myself through the finish line. I'll be fine by Friday, Saturday and be ready to go. I always am." ___ AP NFL: https://apnews.com/hub/NFL Tom Withers, The Associated Press
COLUMBUS, Ohio — Will Howard passed for two touchdowns and rushed for another, TreVeyon Henderson ran for a score, and No. 2 Ohio State beat previously undefeated No. 5 Indiana 38-15 on Saturday. All Ohio State (10-1, 7-1) has to do now is beat Michigan at home next Saturday and it will earn a return to the Big Ten championship game for the first time since 2020 and get a rematch with No. 1 Oregon. The Ducks beat Ohio State 32-31 in a wild one back on Oct. 12. The Hoosiers (10-1, 7-1) had their best chance to beat the Buckeyes for the first time since 1988 but were hurt by special teams mistakes and disrupted by an Ohio State defense that sacked quarterback Kurtis Rourke five times. Howard finished 22 for 26 for 201 yards. Emeka Egbuka had seven catches for 80 yards and a TD. Luke Altmyer found Pat Bryant for a catch-and-run, 40-yard touchdown pass with 4 seconds left, sending Illinois to a wild road victory over Rutgers. Illinois (8-3, 5-3) was down 31-30 when it sent long kicker Ethan Moczulski out for a desperation 58-yard field goal with 14 seconds to go. Rutgers (6-5, 3-5) coach Greg Schiano then called for a timeout right before Moczulski’s attempt was wide left and about 15 yards short. After the missed field goal was waved off by the timeout, Illinois coach Bret Bielema sent his offense back on the field. Altmyer hit Bryant on an in cut on the left side at the 22, and he continued across the field and scored untouched in a game that featured three lead changes in the final 3:07. Kaleb Johnson rushed for 164 yards and a touchdown on a career-high 35 carries, and Kamari Moulton scored on a 68-yard run in the fourth quarter to help Iowa outlast Maryland in College Park. Johnson scored from 2 yards out in the second quarter for his 21st rushing touchdown of the season, and the Hawkeyes (7-4, 5-3) rebounded from their loss to UCLA in their previous game. Maryland (4-7, 1-7) needed to win its final two regular-season games to reach six wins and bowl eligibility, but the Terrapins were dominated in the first half and eventually fell behind 16-0. Drew Stevens made five field goals for Iowa, including kicks from 54 yards in the second quarter, then 50 and 49 in the third. Aidan Chiles threw for two scores in the first half to build a three-touchdown lead and Michigan State (5-6, 3-5) held on to beat Purdue (1-10, 0-8) at home. The Spartans are a win away from being eligible for a bowl with first-year coach Jonathan Smith and they play Rutgers at home in the final regular-season game. Get local news delivered to your inbox!
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‘Wheel of Fortune’ Contestant Devastated by Botched $75k Bonus Round Despite Big BoostAfter a week of rumours and misinformation, Kelowna RCMP have set the record straight about a video that's recently gone viral. A video has been circulating various social media sites showing a woman yelling in a local convenience store and along with her dog, who aggressively barked at the store attendants. Someone in the store who was "trying to buy a sandwich" filmed the whole incident. According to RCMP, the incident took place over a year ago, on Sept. 19, 2023 at the Canco gas station in the 1100-block of Ethel Street. "Officers attended where it was determined an unknown female attacked two store employees and attempted to coerce her dog into biting them," said Kelowna RCMP in a press release. The incident was captured on cell phone video which was provided to police at the time. The next day, the woman was found and arrested for assault. She was released with an undertaking scheduled for court at a later date. Just over a month later, RCMP concluded their investigation at the request of the victims affected because the woman had never returned to the store and one of the victims no longer lives in the province. “For reasons unknown, this video only recently surfaced on social media over a year after the incident was reported and investigated by police,” RCMP media relations officer Cpl. Michael Gauthier. “In this particular case, when the victims of the offence(s) are no longer interested in pursuing charges, we are obligated to cancel the Undertaking and conclude the matter as is.”
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